SGI Faces Bankruptcy

Richard Finney writes " The stock chart tells the story: One time Silicon Valley high-flyer and contender for the Unix crown, SGI stock price dropped 20% on Friday ... deep into penny stock territory ... after releasing fiscal fourth quarter results. The Mountain View, California maker of high end computers is ' exploring financing alternatives with its lender and other sources.' With mounting losses and investors giving ol' Silicon Graphics the thumbs down, things aren't looking good."

Comments

Well..

[sbentmar]

They could always sue Linux.

Translation...

[iamdrscience]

The stock chart tells the story:

See that's their problem, there's a mutiny going on at Silicon Graphics, the graphics are turning against them!

Re:They should have got into the graphics card mar

[Anonymous Coward]

Instead they sent girls around in push-up bras selling upgrade licenses.

Torrent please.

Nerd Typo

[iamdrscience]

after releasing fiscal forth quarter

They're still using Forth? No wonder they're going out of business! Keep up with the times, SGI!

Ah, they used the wrong language!

[PornMaster]

after releasing fiscal forth quarter results

Forth???

Everyone knows that you need to release your results in Java or C# these days... *sigh*

Time to buy stock

[Felinoid]

My mother got into the stock market buying up Commodore stock just before it went into obilvion.

Now it's time for me to buy SGI stock. Just like my mother did.

I've cancelled my vacation

[way2trivial]

quit smoking, cashed in my retirement fund, put off buying a new car, told my wife she can't get her breasts augmented right now, and applied for a HELOC loan..

When & where will the asset auction going to be? I need to reserve my U-Haul